Mold Damage and Insurance Coverage: 3 Common Questions

1/10/2022 (Permalink)

3 Common Questions About Mold Damage And Insurance Coverage

One of the most effective ways to protect your Boulder, CO, home from costly damage is by investing in homeowner’s insurance. From fire to theft, many different instances are covered. However, some issues, such as widespread fungus growth, may not have guaranteed coverage. If you are unsure about what your current policy covers, there are a few questions you can ask your local insurance agent to gain better peace of mind when it comes to protecting your home.

1. Does a Basic Policy Cover Mold Damage?

Most homeowner’s insurance does not cover circumstances that are most likely to cause mold growth, such as flooding from torrential rains or other weather events. If you live in an area that sees a lot of rain and high humidity, then it is a good idea to invest in a separate mold coverage policy that protects your home against such conditions.

2. Are Preventable Issues Covered?

Most insurance companies require you to perform regular maintenance around your home, especially in the case of fungus growth. For example, if you let your home’s roof fall into disrepair and melting ice and snow causes a leak in the attic that encourages mold growth, your policy is not likely to cover the damage. Keeping your home in good shape can prevent these issues and the costly repairs they may cause.

3. Is Mold Cleanup Covered By Insurance?

Whether homeowner’s insurance covers mold cleanup can depend on individual circumstances. For instance, if a kitchen water pipe bursts without warning and you do all you can to shut the water off and prevent further flooding, your policy will likely cover the cost of repair by a flood damage and restoration service. Buying separate mold insurance is one of the most effective ways to ensure complete coverage.

Fighting fungus growth at your Boulder, CO, home can be a frustrating experience. However, when you understand what type of support your homeowner’s policy offers, you may feel greater peace of mind when repairs are necessary.